MajorsJun 13, 2023
Tiffany & Co. Adds New Ambassador to Celebrity RosterPolicies & IssuesJun 29, 2023
Tiffany & Co. Gets Approval for Net-Zero Emissions Target
The Science Based Targets initiative confirmed the jeweler’s goal is in line with the latest climate science.
A look inside Tiffany & Co.’s renovated New York City flagship, also known as “The Landmark.” The jeweler recently received approval from the Science Based Targets initiative on its net-zero emissions target.
New York—Tiffany & Co. has received approval from the Science Based Targets initiative (SBTi) on its net-zero emissions target.
The SBTi guides the private sector on the best practices for setting emission reduction targets that are in line with the latest climate science.
The group is a partnership between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature.
“This validation confirms that the targets Tiffany & Co. has set to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent need to keep warming to 1.5°C in line with the Paris Agreement,” said Tiffany.
The jeweler also received approval from SBTi on its 2030 near-term greenhouse gas reduction target.
By 2030, Tiffany pledged to reduce Scope 1 and 2 emissions, which are related to its own operations, by 70 percent compared with a 2019 baseline.
It plans to reduce Scope 3 emissions, which are related to its supply chain, by 40 percent by 2030 compared with the 2019 baseline.
Tiffany said it’s on track to meet both targets, having already reached 33 percent reductions in all three scopes last year.
The near-term target will mark a “significant milestone” toward its net-zero target, which includes a 90 percent reduction in emissions in all scopes by 2040.
“The remaining 10 percent of emissions is planned to be neutralized by high-quality carbon removals through Tiffany & Co.’s expanded investments in nature-based solutions,” said the company.
Related stories will be right here …
The SBTi guides the private sector on the best practices for setting emission reduction targets that are in line with the latest climate science.
The group is a partnership between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature.
“This validation confirms that the targets Tiffany & Co. has set to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent need to keep warming to 1.5°C in line with the Paris Agreement,” said Tiffany.
The jeweler also received approval from SBTi on its 2030 near-term greenhouse gas reduction target.
By 2030, Tiffany pledged to reduce Scope 1 and 2 emissions, which are related to its own operations, by 70 percent compared with a 2019 baseline.
It plans to reduce Scope 3 emissions, which are related to its supply chain, by 40 percent by 2030 compared with the 2019 baseline.
Tiffany said it’s on track to meet both targets, having already reached 33 percent reductions in all three scopes last year.
The near-term target will mark a “significant milestone” toward its net-zero target, which includes a 90 percent reduction in emissions in all scopes by 2040.
“The remaining 10 percent of emissions is planned to be neutralized by high-quality carbon removals through Tiffany & Co.’s expanded investments in nature-based solutions,” said the company.
To reach its goals, it will require “the engagement and decarbonization of [the] entire value chain.”
Last year, the jeweler worked internally across departments to map out how to reach its goal, delving into the sourcing of raw materials, the distribution and transportation of its products, and the partnerships with its suppliers and manufacturers.
The company said it’s in the process of rolling out a supplier engagement program so it can work with key suppliers on decarbonization. There are plans to launch pilot engagements by the end of the year.
The jeweler also looked at the construction and operation of its retail stores, including the new Landmark flagship in New York City.
For the revamped flagship, the company made “significant investment” in sustainability by incorporating environmental, health and well-being initiatives into the store’s redesign plans. The store is on track to achieve LEED Gold certification and WELL Platinum certification, which is a measure of how a space promotes health and well-being.
Within its portfolio, more than 35 retail stores, offices, and manufacturing sites have been LEED-certified.
Starting in 2006, Tiffany & Co. has installed on-site solar at five locations, including in the Dominican Republic, Cambodia, and Rhode Island, as well as in two office and distribution facilities in New Jersey.
This year, the solar power plans will expand to its diamond polishing facility in Botswana and its jewelry manufacturing site in Lexington, Kentucky.
Currently, 91 percent of its global electricity stems from clean, renewable sources, said the company, including on-site solar and renewable electricity credits in more than 25 countries of operation.
Editors' Picks
Sponsored by
More on Policies & Issues
The Latest
CrimeJan 15, 2026
D.C. Rapper ‘Taliban Glizzy’ Sentenced to 18+ Years for Jewelry Store RobberiesTrevor Jonathan Wright led a crew in a string of armed robberies targeting South Asian-owned jewelry stores on the East Coast.
Events & AwardsJan 15, 2026
Jewelers of Americas’ ‘20 Under 40’ Nominations Now OpenThe program recognizes rising professionals in the jewelry industry.
Events & AwardsJan 15, 2026
Registration for JCK Las Vegas 2026 Is Now OpenA new lifestyle section and a watch showcase have been added to this year’s event.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
TrendsJan 15, 2026
Don’t Double-Dip With This Golden ChipAvocados From Mexico is celebrating those who love to double-dip in game day guacamole with a 14-karat yellow gold tortilla chip necklace.
Weekly QuizJan 15, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingJan 15, 2026
Nearly 42-Carat Blue Diamond Discovered in South AfricaPetra Diamonds unearthed the 41.82-carat, Type IIb blue diamond at the Cullinan Mine.
CollectionsJan 14, 2026
Marie Lichtenberg Lassos Leather for New BraceletsThe brand is trading its colorful fabric cords for Italian leather in its “Lasso” baby locket bracelets.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
TechnologyJan 14, 2026
“My Next Question” Enters Its Podcast Era National Jeweler and Jewelers of America’s popular webinar series is evolving in 2026.
MajorsJan 14, 2026
Saks Files for Bankruptcy, Names New CEOThe department store chain owes millions to creditors like David Yurman, Roberto Coin, Kering, and LVMH.
CollectionsJan 14, 2026
Boucheron Names Colman Domingo as Brand AmbassadorThe award-winning actor’s visionary approach and creativity echo the spirit of Boucheron, the brand said.
IndependentsJan 14, 2026
Kansas Jeweler Wins 2025 ‘Wag’ AwardEdge Retail Academy honored Burnell’s Fine Jewelry in Wichita, Kansas, with its annual award for business excellence.
ColumnistsJan 13, 2026
2025 Was a ‘Price Up, Units Down’ Year, Here’s What That Signals for 2026 In a market defined by more selective consumers, Sherry Smith shares why execution will be independent jewelers’ key to growth this year.
IndependentsJan 13, 2026
Orr’s Jewelers Opens New Location in Pittsburgh’s Strip DistrictThe family-owned jeweler’s new space is in a former wholesale produce market.
CrimeJan 13, 2026
Alleged Getaway Driver Charged in Florida Jewelry Store RobberyIvel Sanchez Rivera, 52, has been arrested and charged in connection with the armed robbery of Tio Jewelers in Cape Coral, Florida.
SourcingJan 13, 2026
Rio Grande To Offer Calibrated Diamond MeleeThe supplier’s online program allows customers to search and buy calibrated natural and lab-grown diamond melee, including in fancy shapes.
Events & AwardsJan 13, 2026
NYC Jewelry, Antique, & Object Show Announces Winter EventThe new show will take place Jan. 23-25, 2026.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
EditorsJan 12, 2026
Platinum, White Gold Rule the 2026 Golden GlobesAssociate Editor Natalie Francisco highlights her favorite jewelry moments from the Golden Globes, and they are (mostly) white hot.
GradingJan 12, 2026
Peter Yantzer, Former Executive Director of AGS Labs, Dies at 77 Yantzer is remembered for the profound influence he had on diamond cut grading as well as his contagious smile and quick wit.
MajorsJan 12, 2026
These 14 Macy’s Locations Will Close This YearThe store closures are part of the retailer’s “Bold New Chapter” turnaround plan.
MajorsJan 12, 2026
Jewelers Mutual Acquires AI-Powered Event Insurance ProgramThrough EventGuard, the company will offer event liability and cancellation insurance, including wedding coverage.
MajorsJan 09, 2026
Kendra Scott Taps Activewear Exec as CEO Chris Blakeslee has experience at Athleta and Alo Yoga. Kendra Scott will remain on board as executive chair and chief visionary officer.
SurveysJan 09, 2026
U.S. Holiday Retail Sales Up 4%, Visa, Mastercard SayThe credit card companies’ surveys examined where consumers shopped, what they bought, and what they valued this holiday season.
AuctionsJan 09, 2026
Christie’s Names New Global Managing Director for LuxuryKimberly Miller has been promoted to the role.
CollectionsJan 09, 2026
Piece of the Week: Lionheart’s ‘Serenity’ Opal CharmThe “Serenity” charm set with 13 opals is a modern amulet offering protection, guidance, and intention, the brand said.
CollectionsJan 08, 2026
Pandora’s New ‘Bridgerton’ Jewels Celebrate Bees, Bows, and Blooms“Bridgerton” actresses Hannah Dodd and Claudia Jessie star in the brand’s “Rules to Love By” campaign.
